Yum Brands reports jump in fourth-quarter profit

WilliamSpain

CHICAGO (MarketWatch) - Yum Brands earned $356 million, or 75 cents a share in the fourth quarter, up from $274 million, or 56 cents a share in the same period a year ago, the company said after the closing bell Monday. Revenue came in at $4.11 billion vs. $3.56 billion. The average estimate of analysts polled by FactSet Research had been for the company to earn 74 cents a share with sales of $4.04 billion. Same-store sales rose 21% in China, 3% at its international division and 1% in the U.S. And the parent of Taco Bell, KFC and Pizza Hut said its worldwide restaurant margins declined 1.1 percentage points to 14.3%. Shares of Yum
YUM, -0.48%
were up about 2% in after-hours action.

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